www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com An industry standing at the crossroads http://www.upstreamonline.com/live/1410590/an-industry-standing-at-the-crossroads The UK North Sea oil and gas industry, not for the first time in its 50-year history, is at a crossroads. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410590/an-industry-standing-at-the-crossroads Fri, 04 Sep 2015 23:31:11 +0000 live Oil down on supply glut http://www.upstreamonline.com/live/1410588/oil-down-on-supply-glut Crude futures fell about 2% on Friday as traders paid little heed to a drop in the number of US rigs drilling for oil and focused instead on a supply glut and declining stock prices on Wall Street. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410588/oil-down-on-supply-glut Fri, 04 Sep 2015 22:44:40 +0000 live Magnum Hunter gets NYSE warning http://www.upstreamonline.com/live/1410587/magnum-hunter-gets-nyse-warning US independent Magnum Hunter Resources told investors Friday that it had received warning from the New York Stock Exchange that it could be delisted for failing to comply with the bourse's continued listing standards. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410587/magnum-hunter-gets-nyse-warning Fri, 04 Sep 2015 20:54:56 +0000 live Canada's top court OKs Ecuador suit http://www.upstreamonline.com/live/1410582/canadas-top-court-oks-ecuador-suit Canada's Supreme Court ruled that a group of Ecuadorean villagers could pursue a multi-billion-dollar pollution lawsuit against US supermajor Chevron. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410582/canadas-top-court-oks-ecuador-suit Fri, 04 Sep 2015 17:42:17 +0000 live Argentina shuts shale fields amid protests http://www.upstreamonline.com/live/1410580/argentina-shuts-shale-fields-amid-protests Argentina's YPF has shut down its two flagship shale fields after indigenous protesters blocked access over a local land dispute. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1410580/argentina-shuts-shale-fields-amid-protests Fri, 04 Sep 2015 17:39:04 +0000 live US rig count drops by 13 http://www.upstreamonline.com/live/1410579/us-rig-count-drops-by-13 The number of oil and gas rigs drilling in the US fell by 13 this week for a total of 864, according to data from Houston-based services giant Baker Hughes. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410579/us-rig-count-drops-by-13 Fri, 04 Sep 2015 17:25:09 +0000 live Eni 'in touch' with CDP over Saipem http://www.upstreamonline.com/live/1410577/eni-in-touch-with-cdp-over-saipem Italian oil and gas group Eni is in touch with cash-rich state holding Cassa Depositi e Prestiti (CDP) as it looks for ways to take the debt of its Saipem unit off its balance sheet, Eni's chairwoman reportedly said on Friday. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410577/eni-in-touch-with-cdp-over-saipem Fri, 04 Sep 2015 16:39:03 +0000 live Statoil blocking up around Power Nap http://www.upstreamonline.com/live/1410576/statoil-blocking-up-around-power-nap Norwegian operator Statoil is blocking up acreage around the emerging Power Nap prospect in the deep-water Gulf of Mexico as it seemingly vies for control of the discovery with Anglo-Dutch supermajor Shell. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410576/statoil-blocking-up-around-power-nap Fri, 04 Sep 2015 16:13:11 +0000 live Spyglass to sell core assets http://www.upstreamonline.com/live/1410572/spyglass-to-sell-core-assets Canadian minnow Spyglass Resources plans to put up for sale a "broad" package of core and non-core assets after part of its credit facility was decreased. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410572/spyglass-to-sell-core-assets Fri, 04 Sep 2015 15:49:07 +0000 live Oil slips along with equities after US jobs data http://www.upstreamonline.com/incoming/1410568/oil-slips-along-with-equities-after-us-jobs-data Crude futures fell alongside stocks on Wall Street on Friday as the oil market awaited a weekly reading on the US oil rig count, after jobs data from the world's number one economy failed to provide much direction, Reuters reported. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410568/oil-slips-along-with-equities-after-us-jobs-data Fri, 04 Sep 2015 15:04:50 +0000 ece_incoming Gazprom, OMV in asset swap pact http://www.upstreamonline.com/live/1410566/gazprom-omv-in-asset-swap-pact Russian gas giant Gazprom inked a provisional deal on Friday for an asset swap with OMV that would see it acquire an ownership stake in the Austrian oil company. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410566/gazprom-omv-in-asset-swap-pact Fri, 04 Sep 2015 14:23:00 +0000 live Ceona vessel charter scrapped http://www.upstreamonline.com/live/1410562/ceona-vessel-charter-scrapped Norwegian offshore vessel owner GC Rieber Shipping has cancelled a long-term charter with Ceona for subsea construction vessel Polar Onyx due to alleged non-payment by the UK subsea contractor. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410562/ceona-vessel-charter-scrapped Fri, 04 Sep 2015 11:51:50 +0000 live Wintershall gets Maria green light http://www.upstreamonline.com/live/1410556/wintershall-gets-maria-green-light Wintershall is set to launch the Nkr15.3 billion ($1.85 billion) development of its Maria field in the Norwegian Sea after gaining government approval on Friday, triggering investments in one of the few projects actually moving forward off the country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410556/wintershall-gets-maria-green-light Fri, 04 Sep 2015 11:17:42 +0000 live Rosneft, Japan Drilling to explore off Vietnam http://www.upstreamonline.com/incoming/1410555/rosneft-japan-drilling-to-explore-off-vietnam Russia’s Rosneft and Japan Drilling have signed an agreement to drill exploration wells in the Nam Con Son basin off Vietnam. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410555/rosneft-japan-drilling-to-explore-off-vietnam Fri, 04 Sep 2015 11:03:46 +0000 ece_incoming Gazprom, YPF in Argentina pact http://www.upstreamonline.com/incoming/1410554/gazprom-ypf-in-argentina-pact Russia's Gazprom and Argentina's YPF have taken a step closer to joint development of unconventional gas projects in Argentina. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410554/gazprom-ypf-in-argentina-pact Fri, 04 Sep 2015 10:55:33 +0000 ece_incoming Aibel in Greater Enfield 'FEED win' http://www.upstreamonline.com/live/1410527/aibel-in-greater-enfield-feed-win Norwegian contractor Aibel is understood to have won a front-end engineering and design contract for Woodside Petroleum's Greater Enfield deep-water oil project off Western Australia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410527/aibel-in-greater-enfield-feed-win Fri, 04 Sep 2015 08:45:55 +0000 live Eni’s Zohr brings joy - and sorrow http://www.upstreamonline.com/live/1410520/enis-zohr-brings-joy-and-sorrow Italian giant Eni dropped an energy sector bombshell when it unveiled what is potentially the largest gas find in the waters of the Mediterranean Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410520/enis-zohr-brings-joy-and-sorrow Fri, 04 Sep 2015 08:28:34 +0000 live Egdon sees delays at Wressle http://www.upstreamonline.com/incoming/1410518/egdon-sees-delays-at-wressle Egdon Resources has hit a bump in the road at its extended well test on its Wressle oil and gas discovery on the PEDL180 licence in northern UK, after testing both the Penistone Flags and the Ashover Grit intervals. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410518/egdon-sees-delays-at-wressle Fri, 04 Sep 2015 08:13:02 +0000 ece_incoming Law change 'to boost Petroperu' http://www.upstreamonline.com/live/1410519/law-change-to-boost-petroperu Lawmakers in Peru have opened the door for state-run refiner Petroperu to participate in upstream activities by removing a legal obstacle that barred it from taking control of the country’s biggest oil block, according to a report. (News Wires) http://www.upstreamonline.com/live/1410519/law-change-to-boost-petroperu Fri, 04 Sep 2015 08:03:15 +0000 live Statoil eyes slimmed-down Bressay solution http://www.upstreamonline.com/live/1410517/statoil-eyes-slimmed-down-bressay-solution Norwegian operator Statoil is pursuing plans to revive its Bressay heavy oil field development in the UK North Sea via a slimmed down first-phase development centred on a production and drilling jack-up linked to a floating storage unit. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410517/statoil-eyes-slimmed-down-bressay-solution Fri, 04 Sep 2015 08:03:11 +0000 live Cosco in axed drillship ruling win http://www.upstreamonline.com/live/1410516/cosco-in-axed-drillship-ruling-win Chinese shipyard Cosco Corp (Singapore) has won an arbitration case in the UK against a compatriot rig owner over an axed $500 million-plus drillship newbuild deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410516/cosco-in-axed-drillship-ruling-win Fri, 04 Sep 2015 07:45:25 +0000 live OVL takes Vankorneft stake http://www.upstreamonline.com/live/1410513/ovl-takes-vankorneft-stake India’s ONGC Videsh is taking a 15% stake in Vankorneft, a subsidiary of Russian state oil giant Rosneft that operates the giant Vankor field in East Siberia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410513/ovl-takes-vankorneft-stake Fri, 04 Sep 2015 07:21:40 +0000 live Statoil in Oseberg strike http://www.upstreamonline.com/live/1410514/statoil-in-oseberg-strike Statoil has made a small oil discovery near its Oseberg South field in the northern North Sea off Norway that is set to be tied into its recently launched Oseberg Delta 2 project. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410514/statoil-in-oseberg-strike Fri, 04 Sep 2015 07:06:55 +0000 live Roxi in BNG find http://www.upstreamonline.com/live/1410511/roxi-in-bng-find London-listed Roxi Petroleum has made a new discovery at its flagship BNG asset in western Kazakhstan. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410511/roxi-in-bng-find Fri, 04 Sep 2015 07:00:30 +0000 live Nord Stream 2 partners sign agreement http://www.upstreamonline.com/live/1410510/nord-stream-2-partners-sign-agreement The partners in the Nord Stream 2 gas export pipeline project have signed a shareholders agreement covering the company which will be set up to develop the project. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410510/nord-stream-2-partners-sign-agreement Fri, 04 Sep 2015 05:59:25 +0000 live Otto switching focus http://www.upstreamonline.com/live/1410493/otto-switching-focus Australian junior Otto Energy will cutback spending in the Philippines and instead turn its attention to onshore exploration in Alaska and Tanzania Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410493/otto-switching-focus Fri, 04 Sep 2015 04:11:28 +0000 live Oil dips in early trade http://www.upstreamonline.com/live/1410508/oil-dips-in-early-trade Oil prices eased in Asian trade on Friday as investors turned cautious ahead of US jobs data later in the day which is expected to play into the Federal Reserve's decision on the timing of any US rate hike. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410508/oil-dips-in-early-trade Fri, 04 Sep 2015 03:01:02 +0000 live Murphy seeks bids for Rotan subsea job http://www.upstreamonline.com/live/1410507/murphy-seeks-bids-for-rotan-subsea-job Murphy Oil has invited bids for a major subsea installation contract linked to the Rotan floating liquefied natural gas project off Sabah, Malaysia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410507/murphy-seeks-bids-for-rotan-subsea-job Fri, 04 Sep 2015 02:18:12 +0000 live Horizon weighing up PNG development options http://www.upstreamonline.com/live/1410494/horizon-weighing-up-png-development-options Australian company Horizon Oil has narrowed down three development options for its resources in Papua New Guinea's Western Province. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410494/horizon-weighing-up-png-development-options Fri, 04 Sep 2015 02:10:56 +0000 live IPB looking for Idris partner http://www.upstreamonline.com/live/1410492/ipb-looking-for-idris-partner Australia-listed IPB Petroleum is still on the hunt for a farm-in partner to help it spud a well near an existing discovery in Western Australia’s offshore Browse basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410492/ipb-looking-for-idris-partner Fri, 04 Sep 2015 01:31:02 +0000 live Nexans wins Nasr cable contract http://www.upstreamonline.com/live/1410491/nexans-wins-nasr-cable-contract France's Nexans has won a contract to supply cables to a Hyundai Heavy Industries project in the Nasr oil field offshore Abu Dhabi. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410491/nexans-wins-nasr-cable-contract Thu, 03 Sep 2015 23:01:57 +0000 live Oil inches higher in volatile trade http://www.upstreamonline.com/live/1410490/oil-inches-higher-in-volatile-trade Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in US crude inventories that weighed on the outlook for oil. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410490/oil-inches-higher-in-volatile-trade Thu, 03 Sep 2015 22:49:46 +0000 live Chevron in new Ecuador win http://www.upstreamonline.com/live/1410489/chevron-in-new-ecuador-win Chevron has reached a settlement agreement with H5, a California-based litigation services firm tied to a lawsuit against the supermajor related to a judgement by an Ecuadorian court over pollution in the South American jungle. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410489/chevron-in-new-ecuador-win Thu, 03 Sep 2015 22:23:53 +0000 live BP seeks repayment over US Gulf spill http://www.upstreamonline.com/live/1410487/bp-seeks-repayment-over-us-gulf-spill UK supermajor BP will try to get back some of the money it has already paid out to businesses claiming to have suffered damages in the wake of the 2010 US Gulf oil spill, according to reports. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410487/bp-seeks-repayment-over-us-gulf-spill Thu, 03 Sep 2015 22:22:16 +0000 live Judge orders SEC to issue extraction rule http://www.upstreamonline.com/live/1410485/judge-orders-sec-to-issue-extraction-rule A federal judge has ordered the US Securities & Exchange Commission to fast-track a final rule requiring oil, gas and mining companies to disclose payments to foreign governments, after a human rights group complained the regulator was dragging its feet. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410485/judge-orders-sec-to-issue-extraction-rule Thu, 03 Sep 2015 19:14:13 +0000 live EV to acquire EnerVest properties http://www.upstreamonline.com/live/1410483/ev-to-acquire-enervest-properties EV Energy Partners will acquire gas-rich assets across the US, including a 100% ownership stake in explorer Belden & Blake, in four deals with EnerVest. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410483/ev-to-acquire-enervest-properties Thu, 03 Sep 2015 18:17:41 +0000 live Crude rises despite US inventory hike http://www.upstreamonline.com/live/1410473/crude-rises-despite-us-inventory-hike Oil prices rose on Thursday as an equity market rally offset a surprise increase in US oil inventory levels and a firm dollar, Reuters reported. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410473/crude-rises-despite-us-inventory-hike Thu, 03 Sep 2015 15:40:06 +0000 live WoodMac: ‘Dearth of delays despite LNG supply’ http://www.upstreamonline.com/incoming/1410458/woodmac-dearth-of-delays-despite-lng-supply The number of liquefied natural gas projects proposed to take a final investment decision (FID) in 2015 and 2016 has not been reduced, despite the outlook for global demand looking increasingly subdued, analysts said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410458/woodmac-dearth-of-delays-despite-lng-supply Thu, 03 Sep 2015 14:14:55 +0000 ece_incoming Sink or swim in seismic market http://www.upstreamonline.com/live/1410460/sink-or-swim-in-seismic-market The beleaguered marine seismic sector is set for consolidation with players scrambling to cut costs as vessel dayrates have sunk to well below break-even levels and contract tendering activity has been hit by exploration cutbacks, according to analysts. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410460/sink-or-swim-in-seismic-market Thu, 03 Sep 2015 13:49:50 +0000 live Noble urges Israel over gas framework http://www.upstreamonline.com/live/1410456/noble-urges-israel-over-gas-framework Noble Energy has implored Israel’s government to push through a new framework setting out a roadmap for development of the countries large gas fields, which has already been approved by the Cabinet. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410456/noble-urges-israel-over-gas-framework Thu, 03 Sep 2015 13:40:48 +0000 live Gazprom inks CNPC gas MoU http://www.upstreamonline.com/live/1410450/gazprom-inks-cnpc-gas-mou Russian gas monopoly Gazprom and Beijing-controlled China National Petroleum Corporation (CNPC) have paved the way for a deal that will see natural gas flows headed to China from Russia’s Far Eastern region. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410450/gazprom-inks-cnpc-gas-mou Thu, 03 Sep 2015 12:07:56 +0000 live Putin, Maduro ‘to discuss oil price stabilisation’ http://www.upstreamonline.com/incoming/1410449/putin-maduro-to-discuss-oil-price-stabilisation Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro are to meet “to discuss oil price stabilisation” during a visit to China this week, according to reports. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410449/putin-maduro-to-discuss-oil-price-stabilisation Thu, 03 Sep 2015 12:07:24 +0000 ece_incoming Rosneft, Sinopec in Russian fields pact http://www.upstreamonline.com/incoming/1410444/rosneft-sinopec-in-russian-fields-pact Russia’s Rosneft and China’s Sinopec have signed an agreement to jointly develop the Russkoye and Yurubcheno-Tokhomskoye oil and gas fields in Siberia. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410444/rosneft-sinopec-in-russian-fields-pact Thu, 03 Sep 2015 11:40:48 +0000 ece_incoming Chinese outfit enters Yamal LNG http://www.upstreamonline.com/live/1410443/chinese-outfit-enters-yamal-lng Russia has handed a further slice of the giant Yamal LNG project to Chinese interests after Novatek completed a share sale deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410443/chinese-outfit-enters-yamal-lng Thu, 03 Sep 2015 11:11:40 +0000 live Statoil makes Lofoten stand http://www.upstreamonline.com/live/1410442/statoil-makes-lofoten-stand Statoil is demanding that an impact assessment study be carried out off Norway’s Lofoten islands to determine hydrocarbon resource potential - despite environmental concerns and a moratorium on exploration in the prospective play. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410442/statoil-makes-lofoten-stand Thu, 03 Sep 2015 09:52:57 +0000 live Inpex unveils enlarged Abadi floater plans http://www.upstreamonline.com/live/1410438/inpex-unveils-enlarged-abadi-floater-plans Inpex has submitted a revised plan of development for its Abadi gas field project off Indonesia, which will see the Japanese operator and partner Shell go for a vastly increased size of floater than previously expected. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410438/inpex-unveils-enlarged-abadi-floater-plans Thu, 03 Sep 2015 08:06:56 +0000 live Mosman completes $6m Origin NZ deal http://www.upstreamonline.com/live/1410436/mosman-completes-usd-6m-origin-nz-deal Australian player Mosman Oil & Gas has finalised its $6 million purchase of a trio of onshore fields in New Zealand from compatriot junior Origin Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410436/mosman-completes-usd-6m-origin-nz-deal Thu, 03 Sep 2015 07:30:02 +0000 live Myrhauk misery for Premier http://www.upstreamonline.com/live/1410431/myrhauk-misery-for-premier Premier Oil has come up dry at the first wildcat to be drilled on its operated production licence 539 in the southern part of the North Sea off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410431/myrhauk-misery-for-premier Thu, 03 Sep 2015 06:49:14 +0000 live MEO completes Cuba entry http://www.upstreamonline.com/live/1410430/meo-completes-cuba-entry Australian independent says its new exploration block contains the existing Motembo oilfield russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1410430/meo-completes-cuba-entry Thu, 03 Sep 2015 04:14:39 +0000 live Court fines Stena over deaths http://www.upstreamonline.com/live/1410429/court-fines-stena-over-deaths Stena Drilling has been fined A$330,000 (US$231,000) by an Australian court as a result of the double fatality on board the semi-submersible Stena Clyde in August 2012. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1410429/court-fines-stena-over-deaths Thu, 03 Sep 2015 03:43:33 +0000 live Oil settles up in volatile trade day http://www.upstreamonline.com/live/1410428/oil-settles-up-in-volatile-trade-day Oil prices ended nearly 2% higher on Wednesday in volatile trade as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410428/oil-settles-up-in-volatile-trade-day Wed, 02 Sep 2015 23:00:43 +0000 live 'Substantial interest' in Ironbark prospect http://www.upstreamonline.com/live/1410262/substantial-interest-in-ironbark-prospect The chief executive of Australian junior Cue Energy Resources says the company has already received significant interest in acreage it is looking to farm out in Western Australia’s offshore Carnarvon basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410262/substantial-interest-in-ironbark-prospect Wed, 02 Sep 2015 22:43:35 +0000 live AWE planning Perth basin appraisal wells http://www.upstreamonline.com/live/1410263/awe-planning-perth-basin-appraisal-wells AWE is looking to build on its success in the Perth basin with an appraisal campaign next year as it looks to develop its gas resources in Western Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1410263/awe-planning-perth-basin-appraisal-wells Wed, 02 Sep 2015 22:43:24 +0000 live Ion bags new shoot off Africa http://www.upstreamonline.com/live/1410427/ion-bags-new-shoot-off-africa Seismic player Ion Geophysical has been awarded another contract for an offshore shoot in Africa. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410427/ion-bags-new-shoot-off-africa Wed, 02 Sep 2015 22:39:23 +0000 live Rubio blasts feds in energy speech http://www.upstreamonline.com/live/1410422/rubio-blasts-feds-in-energy-speech US presidential hopeful Marco Rubio took aim at the federal government Wednesday in a speech in which he unveiled his energy policy. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410422/rubio-blasts-feds-in-energy-speech Wed, 02 Sep 2015 22:22:37 +0000 live Vantage bonds hit after contract termination http://www.upstreamonline.com/live/1410421/vantage-bonds-hit-after-contract-termination Bonds of Houston-based Vantage Drilling dropped after Petrobras terminated a $1.7 billion drilling contract for drillship Titanium Explorer amid a bribery investigation. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410421/vantage-bonds-hit-after-contract-termination Wed, 02 Sep 2015 22:07:31 +0000 live Marathon 'delayed' at Solomon http://www.upstreamonline.com/live/1410420/marathon-delayed-at-solomon US operator Marathon Oil has experienced a brief delay while drilling its closely watched Solomon wildcat in the deep-water Gulf of Mexico due to mechanical difficulties downhole, according to sources. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410420/marathon-delayed-at-solomon Wed, 02 Sep 2015 21:21:11 +0000 live Partners close on Mexico flotel financing http://www.upstreamonline.com/live/1410419/partners-close-on-mexico-flotel-financing Partners have closed on a financing agreement for the second of two newbuild semi-submersible flotels that will operate for Mexican state oil company Pemex. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1410419/partners-close-on-mexico-flotel-financing Wed, 02 Sep 2015 21:20:50 +0000 live Texas regulator: XTO well not linked to quakes http://www.upstreamonline.com/live/1410416/texas-regulator-xto-well-not-linked-to-quakes A Texas regulatory inquiry has found that a disposal well owned by ExxonMobil subsidiary XTO was unlikely to have caused earthquakes in the surrounding area. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410416/texas-regulator-xto-well-not-linked-to-quakes Wed, 02 Sep 2015 21:15:54 +0000 live Nine buys composite-plug company G 8 http://www.upstreamonline.com/live/1410411/nine-buys-composite-plug-company-g-8 Houston-based Nine Energy Service has acquired certain assets of G 8 Oil Tool, a provider of downhole completions tools. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410411/nine-buys-composite-plug-company-g-8 Wed, 02 Sep 2015 20:14:47 +0000 live Eni cancels FPSO contract http://www.upstreamonline.com/live/1410271/eni-cancels-fpso-contract Eni has elected to terminate the contract for the Glas Dowr floating production, storage and offloading unit at the Kitan field off Timor-Leste. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1410271/eni-cancels-fpso-contract Wed, 02 Sep 2015 18:16:11 +0000 live Pemex cancels Aban rig contract http://www.upstreamonline.com/live/1410270/pemex-cancels-aban-rig-contract Pemex has ended a contract for the Aban Offshore jack-up Deep Driller 7 about four months early, exercising an early termination clause. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1410270/pemex-cancels-aban-rig-contract Wed, 02 Sep 2015 17:45:01 +0000 live Shell lifts Nigeria oil force majeure http://www.upstreamonline.com/live/1410269/shell-lifts-nigeria-oil-force-majeure Supermajor Shell has lifted the force majeure on exports of Bonny Light crude in Nigeria following the re-opening of two pipelines. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410269/shell-lifts-nigeria-oil-force-majeure Wed, 02 Sep 2015 17:09:18 +0000 live Pemex asks for more fields http://www.upstreamonline.com/live/1410268/pemex-asks-for-more-fields Pemex has asked regulators for more oil and gas acreage more than a year after it was granted most of its wish list in the process known as Round 0. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1410268/pemex-asks-for-more-fields Wed, 02 Sep 2015 16:33:53 +0000 live Shell resumes drilling in Arctic http://www.upstreamonline.com/live/1410265/shell-resumes-drilling-in-arctic Anglo-Dutch supermajor Shell has resumed drilling of an exploratory well in the Chukchi Sea off Alaska, a company spokesman confirmed to Upstream Wednesday. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410265/shell-resumes-drilling-in-arctic Wed, 02 Sep 2015 16:21:45 +0000 live Heerema confirms Culzean deal http://www.upstreamonline.com/live/1410264/heerema-confirms-culzean-deal Dutch contractor Heerema Fabrication Group (HFG) has confirmed the award to build two remaining jackets for Maersk Oil’s ultra-high pressure, high-temperature Culzean gas field in the central North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410264/heerema-confirms-culzean-deal Wed, 02 Sep 2015 15:58:38 +0000 live FLNG players 'upbeat' on outlook http://www.upstreamonline.com/live/1410254/flng-players-upbeat-on-outlook Companies specialising in transport and regasification of liquefied natural gas are optimistic about their markets in the coming years as more LNG projects come on stream. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410254/flng-players-upbeat-on-outlook Wed, 02 Sep 2015 15:32:14 +0000 live Husky probed on 'major' Canada gas leak http://www.upstreamonline.com/live/1410247/husky-probed-on-major-canada-gas-leak The Canada-Newfoundland & Labrador Offshore Petroleum Board (CNLOPB) is investigating a major gas release from Husky Energy's Southern Drill Centre at the White Rose field. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410247/husky-probed-on-major-canada-gas-leak Wed, 02 Sep 2015 14:59:46 +0000 live Zohr find ‘will not jeopardise import talks’ http://www.upstreamonline.com/live/1410245/zohr-find-will-not-jeopardise-import-talks Eni’s super giant Zohr gas field find off Egypt will not jeopardise private sector talks on gas imports from other regions in the Mediterranean, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410245/zohr-find-will-not-jeopardise-import-talks Wed, 02 Sep 2015 14:52:12 +0000 live Petrobras workers to go on strike http://www.upstreamonline.com/incoming/1410240/petrobras-workers-to-go-on-strike Petrobras oil workers are preparing to go on strike on Friday for an “undetermined period” to protest against the planned sale of certain assets by the state-run company. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410240/petrobras-workers-to-go-on-strike Wed, 02 Sep 2015 14:26:09 +0000 ece_incoming Newbuild waiting game for Seadrill http://www.upstreamonline.com/live/1410235/newbuild-waiting-game-for-seadrill Seadrill has not ruled out further newbuild delivery delays as its chief executive admitted that present low dayrates do not make long-term drilling contracts commercially viable. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410235/newbuild-waiting-game-for-seadrill Wed, 02 Sep 2015 13:48:28 +0000 live ION swings jobs axe again http://www.upstreamonline.com/live/1410227/ion-swings-jobs-axe-again ION Geophysical is slashing another quarter of its workforce as it aims for significant further cost cuts in a dire oil market. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410227/ion-swings-jobs-axe-again Wed, 02 Sep 2015 13:14:04 +0000 live NAM to compensate homeowners near Groningen http://www.upstreamonline.com/incoming/1410220/nam-to-compensate-homeowners-near-groningen A Shell and ExxonMobil joint venture in the Netherlands will have to compensate homeowners in the vicinity of the Groningen field for a fall in property values due to earthquakes linked to gas production. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410220/nam-to-compensate-homeowners-near-groningen Wed, 02 Sep 2015 12:49:18 +0000 ece_incoming Shell's BG deal clears EC hurdle http://www.upstreamonline.com/live/1410219/shells-bg-deal-clears-ec-hurdle Shell's planned $70 billion takeover of UK player BG Group has cleared another regulatory hurdle as it was given the all-clear from the European Commission. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410219/shells-bg-deal-clears-ec-hurdle Wed, 02 Sep 2015 12:25:23 +0000 live COSL nets Rosneft driller deals http://www.upstreamonline.com/live/1410217/cosl-nets-rosneft-driller-deals Two subsidiaries of Russian state controlled player Rosneft have signed contracts with China Oilfield Services (COSL) to employ the latter's Nanhai 9 semi-submersible drilling rig in 2016. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410217/cosl-nets-rosneft-driller-deals Wed, 02 Sep 2015 12:18:21 +0000 live Kvaerner in novel LNG effort http://www.upstreamonline.com/live/1410216/kvaerner-in-novel-lng-effort Norway’s Kvaerner is looking to break into the liquefied natural gas business with an innovative concept for floating near-shore liquefaction barges tailored for use in the Arctic. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410216/kvaerner-in-novel-lng-effort Wed, 02 Sep 2015 12:08:10 +0000 live Joy at Jacana for GeoPark http://www.upstreamonline.com/live/1410202/joy-at-jacana-for-geopark GeoPark has cheered yet another oil discovery at its prolific operated Llanos 34 block onshore Colombia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410202/joy-at-jacana-for-geopark Wed, 02 Sep 2015 11:31:01 +0000 live PPL hits Hala pay http://www.upstreamonline.com/incoming/1410204/ppl-hits-hala-pay Pakistan Petroleum (PPL) has hit gas and condensate pay at its Fazl X-1 exploration well on the Hala block in the Matiari district in Sindh province. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410204/ppl-hits-hala-pay Wed, 02 Sep 2015 11:26:15 +0000 ece_incoming Xodus nabs Nexen North Sea decom FEED http://www.upstreamonline.com/live/1410197/xodus-nabs-nexen-north-sea-decom-feed UK contractor Xodus has been handed a front-end engineering and design deal to support the decommissioning of two Nexen Petroleum fields in the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410197/xodus-nabs-nexen-north-sea-decom-feed Wed, 02 Sep 2015 10:58:21 +0000 live Yinka sees positive shows at Aje-5 well http://www.upstreamonline.com/incoming/1410198/yinka-sees-positive-shows-at-aje-5-well Yinka Folawiyo Petroleum has completed drilling operations at its Aje-5 well on the OML 113 license off Nigeria, encountering positive initial hydrocarbon results, project partner Panoro Energy said on Wednesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410198/yinka-sees-positive-shows-at-aje-5-well Wed, 02 Sep 2015 10:57:55 +0000 ece_incoming Petoro in costs cut call http://www.upstreamonline.com/live/1410184/petoro-in-costs-cut-call The boss of Norway’s state oil holding company is calling for a further 50% cut in domestic costs to boost the country’s languishing offshore sector while also criticising an overly cautious safety culture that has hit drilling efficiency. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1410184/petoro-in-costs-cut-call Wed, 02 Sep 2015 09:06:26 +0000 live Odebrecht fined over Angola conditions http://www.upstreamonline.com/incoming/1410183/odebrecht-fined-over-angola-conditions Brazilian contractor Odebrecht has been ordered to pay 50 million reais ($13 million) in damages by a Brazilian court following accusations of sub-standard working conditions at a refinery project in Angola, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410183/odebrecht-fined-over-angola-conditions Wed, 02 Sep 2015 09:05:54 +0000 ece_incoming Achuar seize wells in Peruvian Amazon http://www.upstreamonline.com/live/1410181/achuar-seize-wells-in-peruvian-amazon Protesters in Peru have forced the shut-in of a plethora of wells on an Amazonian oil block as they vent their frustration at the government over pollution and issues of community compensation, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410181/achuar-seize-wells-in-peruvian-amazon Wed, 02 Sep 2015 08:39:34 +0000 live OGUK launches North Sea task force http://www.upstreamonline.com/incoming/1410106/oguk-launches-north-sea-task-force Oil & Gas UK (OGUK) has launched a task force that aims to make the North Sea industry more competitive and maximise economic recovery from the UK continental shelf. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410106/oguk-launches-north-sea-task-force Wed, 02 Sep 2015 08:09:31 +0000 ece_incoming PGS puts Ramform Viking on ice http://www.upstreamonline.com/incoming/1410177/pgs-puts-ramform-viking-on-ice Petroleum Geo-Services has decided to cold-stack the Ramform Viking research survey vessel and focus on reducing its capital expenditure and cash preservation, the Norwegian player said on Wednesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410177/pgs-puts-ramform-viking-on-ice Wed, 02 Sep 2015 08:05:51 +0000 ece_incoming CGG completes Adnoc Hail-Shuweihat survey http://www.upstreamonline.com/incoming/1410172/cgg-completes-adnoc-hail-shuweihat-survey French seismic player CGG has completed the acquisition of 3D onshore and offshore data over the Hail and Shuweihat oil and gas fields for state-owned Abu Dhabi National Oil Company (Adnoc) in the in the United Arab Emirates. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1410172/cgg-completes-adnoc-hail-shuweihat-survey Wed, 02 Sep 2015 07:56:46 +0000 ece_incoming NNPC eyes drones to fight oil theft http://www.upstreamonline.com/live/1410171/nnpc-eyes-drones-to-fight-oil-theft State giant Nigeria National Petroleum Corporation (NNPC) plans to use drones and other “far reaching options” to put a stop to illegal oil theft in the West African powerhouse. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410171/nnpc-eyes-drones-to-fight-oil-theft Wed, 02 Sep 2015 07:56:36 +0000 live UMW gets latest Keppel jack-up http://www.upstreamonline.com/live/1410169/umw-gets-latest-keppel-jack-up The KFels B-class UMW Naga 8 was delivered to the Malaysian contractor on budget, Keppel said on Wednesday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1410169/umw-gets-latest-keppel-jack-up Wed, 02 Sep 2015 07:25:07 +0000 live Cairn India seeks jack-ups http://www.upstreamonline.com/live/1410167/cairn-india-seeks-jack-ups Cairn India has hit the market for a range of services including jack-up drilling rigs to cater to its offshore exploration commitments off the east and west coasts of India. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1410167/cairn-india-seeks-jack-ups Wed, 02 Sep 2015 05:00:40 +0000 live Modec FPSO starts up in Brazil http://www.upstreamonline.com/live/1410166/modec-fpso-starts-up-in-brazil Modec has announced that its latest floating production, storage and offloading vessel achieved first oil in the Iracema Norte ultra deep-water area of Brazil's Lula field five months ahead of schedule. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1410166/modec-fpso-starts-up-in-brazil Wed, 02 Sep 2015 03:01:51 +0000 live Petrobras cancels Vantage drillship http://www.upstreamonline.com/live/1410163/petrobras-cancels-vantage-drillship Petrobras has terminated its drilling contract with the drillship Titanium Explorer a few years ahead of the scheduled contract expiry, rig owner Vantage Drilling said on Wednesday. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1410163/petrobras-cancels-vantage-drillship Wed, 02 Sep 2015 01:25:20 +0000 live Nexen to shut in Long Lake http://www.upstreamonline.com/live/1410160/nexen-to-shut-in-long-lake Nexen Energy will shut down its Long Lake in situ oil sands project while it complies with a regulatory order to suspend the operations of 95 pipelines. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410160/nexen-to-shut-in-long-lake Wed, 02 Sep 2015 00:06:59 +0000 live Oil extends losses on China data http://www.upstreamonline.com/live/1410159/oil-extends-losses-on-china-data Oil prices plummeted on Tuesday, settling 8% lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in six-and-a-half years last week before frenzied short-covering fueled a 25% three-session surge. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410159/oil-extends-losses-on-china-data Tue, 01 Sep 2015 23:48:33 +0000 live Kerry warms up to Arctic drilling http://www.upstreamonline.com/live/1410158/kerry-warms-up-to-arctic-drilling US Secretary of State John Kerry has said he has warmed to the idea of drilling for oil in the Arctic. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410158/kerry-warms-up-to-arctic-drilling Tue, 01 Sep 2015 23:10:39 +0000 live Island to delay newbuild vessels http://www.upstreamonline.com/live/1410157/island-to-delay-newbuild-vessels Offshore contractor Island Offshore will delay delivery of three of four services vessels currently under construction at the Vard Brevik yard in Norway. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410157/island-to-delay-newbuild-vessels Tue, 01 Sep 2015 22:48:24 +0000 live WPX sheds Powder River assets http://www.upstreamonline.com/live/1410155/wpx-sheds-powder-river-assets WPX has sold off its remaining coalbed methane assets in Wyoming's Powder River basin for $80 million as it continues its debt reduction efforts. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410155/wpx-sheds-powder-river-assets Tue, 01 Sep 2015 21:29:28 +0000 live Opec insiders 'surprised' at article impact http://www.upstreamonline.com/live/1410154/opec-insiders-surprised-at-article-impact Opec insiders were reportedly surprised by the reaction to a report from the organisation's public relations team this week indicating a possible shift in output policy that helped push up oil prices. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410154/opec-insiders-surprised-at-article-impact Tue, 01 Sep 2015 20:10:24 +0000 live ConocoPhillips to gut global workforce http://www.upstreamonline.com/live/1410145/conocophillips-to-gut-global-workforce US major ConocoPhillips will axe 10% of its global workforce in the coming weeks as it continues to cut costs in the face of the downturn in oil prices. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410145/conocophillips-to-gut-global-workforce Tue, 01 Sep 2015 19:40:33 +0000 live Vertex expands services portfolio http://www.upstreamonline.com/live/1410148/vertex-expands-services-portfolio Alberta-based Vertex Resource Group has acquired a trio of companies that will help expand the environmental services provider portfolio of offerings. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1410148/vertex-expands-services-portfolio Tue, 01 Sep 2015 19:37:27 +0000 live Williams in Steelhead LNG pipeline contract http://www.upstreamonline.com/live/1410142/williams-in-steelhead-lng-pipeline-contract Canadian liquefaction player Steelhead LNG has hired US pipeline developer Williams to design a line to transport natural gas to two proposed export facilities on Vancouver Island caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1410142/williams-in-steelhead-lng-pipeline-contract Tue, 01 Sep 2015 18:36:05 +0000 live